#United States #Visa Inc #Charles C. Foti #New Orleans #Kahn Swick

Kahn Swick & Foti Takes Action for Visa Shareholders

In an urgent notice issued on December 20, 2024, Kahn Swick & Foti, LLC (KSF) has alerted investors regarding a significant opportunity for those affected by losses exceeding $100,000 in Visa Inc. (NYSE: V). Led by former Louisiana Attorney General Charles C. Foti, Jr., KSF emphasizes that those eligible must file their lead plaintiff applications in the ongoing class action lawsuit by January 20, 2025.

Understanding the Class Action Lawsuit

The class action centers around allegations against Visa and certain executives, charged with failing to disclose critical information during the defined class period - from November 16, 2023, to September 23, 2024. KSF is advocating for investors who acquired Visa securities within this timeframe and have experienced financial losses.

Key Details of the Case

The United States Department of Justice has filed a lawsuit against Visa for breaches of the Sherman Antitrust Act, accusing the company of creating an unfair marketplace. The allegations claim that Visa leveraged its monopoly in the payment processing market to suppress competition by coercing retailers to use its services exclusively. In response to this lawsuit, Visa's stock plummeted significantly on September 24, 2024, marking a 5.38% decline.

An in-depth understanding of these allegations highlights the potential implications for investors. KSF notes that the pivotal case is titled Cai v. Visa, Inc., et al., and is being addressed in the Northern District of California, a jurisdiction known for handling complex securities and antitrust matters.

Rights and Responsibilities for Shareholders

For shareholders considering joining the class action, KSF offers complimentary consultations to discuss their rights and the case's potential influence on their investments. Contacting KSF involves no obligations. Interested parties can reach out to KSF's Managing Partner, Lewis Kahn, through the provided toll-free number, 1-877-515-1850, or via email at info@ksfcounsel.com.

Steps to Become a Lead Plaintiff

To claim the status of a lead plaintiff, one must formalize their petition to the court by the specified deadline. It is imperative for affected investors to act promptly to safeguard their interests and seek potential recoveries for the losses they have incurred.

About KSF

Kahn Swick & Foti, LLC is distinguished as a premier boutique law firm specializing in securities litigation. Headquartered across multiple U.S. locations, including New York, California, and Louisiana, KSF represents a diverse client base comprised of public institutional investors, retail investors, hedge funds, and others in distress caused by corporate misconduct. The firm’s significant experience in navigating complex legal terrains positions them as a leader in seeking justice for shareholders.

Conclusion

The deadline for filing lead plaintiff applications is swiftly approaching. Visa investors who suffered financial losses should consider participating in this class action to ensure their voices are heard and rights defended. KSF is prepared to guide affected shareholders through the complexities of this legal process, underscoring the critical nature of this opportunity for recovery in the face of alleged wrongdoing by Visa and its executives.